Nine-month trading statement
Sales reached €10.2bn in the nine months to 30 September 2014 (- 1.7%)
- Activity was brisk in the Concessions (+3.8%); increase in motorway traffic ;
- Activity in the Contracting (-2.8%) was affected by a contraction in orders from the public sector, notably for road works in France, whereas international operations recorded further growth (+9.5 %).
Order book increased to €11.9bn, up 1.1% compared with 1 January 2014 (+5.9% excluding the BPL high-speed rail line project), equivalent to more than 12 months of activity in Contracting.
Liquidity increased to €1.8bn, up €800m over one year.
Given the decline in orders from the public sector, which was sharper than anticipated in the roads sector as well as the ongoing selectivity in order intake, Group sales for 2014 are now expected to be down slightly.
The Group is otherwise confirming its outlook of increase in results and reduction of net debt.
The order book increased to €11.9bn on 1 October 2014, an increase of 1.1% compared with 1 January 2014 (+5.9% excluding the BPL high-speed rail line project). The order book is equivalent to more than 12 months of activity in Contracting.